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| Exchange Disseminated Time | With reference to the news appearing in leading newspaper dated July 06, 2015 titled "JK Tyre Frontrunner to Buy Birla Tyres from Kesoram", Kesoram Industries Ltd has Clarified to BSE as under :
"As already stated in our rebuttal reproduced verbatim in the impugned Report of The Economic Times, the Company has no intentions of selling/disposing of Birla Tyres, its tyre business.
We wish, therefore, to reiterate that we are not in negotiations with J K Tyres to sell/dispose of Birla Tyres, our tyre business.
In this connection, we wish to clearly and categorically state that the Company will continue to be in the tyre business. Any reports to the contrary appearing in the media are speculative and misleading." |
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